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This comprehensive study of the historical and contemporary changes in banking, finance and development in Turkey, an exemplary case of structural adjustment, offers timely analysis of the impact of the global financial crisis on Turkey together with a critical account of how neoliberal financial transformation has been consolidated in Turkey.

Turkey s neoliberal economy has evolved into one of the most dynamic among the rising powers since its 2001 financial crisis. Changes in the banking and financial sector have been vital both to Turkey s overall economic growth and to...